The Treasury said Mr Hammond’s package was designed to “improve the living standards of ordinary working class people and their families”
Nice knowing that the Government is looking for the health and wellbeing of the nation, especially considering that if you are on a minimum wage working in Central London and living in, let’s say Croydon, by going to work on a bicycle instead by tube or bus ( so you can afford something to eat ) is good for Body, Health and Wellness of the working classes.
Well, depends on definition, on what is Living standard and is it relating to this year (2017) or 1917?
25 and over?
You should be on what is known as the National Living Wage. This is now £7.50 an hour.
So apparently London Living Wage
“is an hourly rate of pay, currently calculated at £9.75. It is estimated to give a worker in London and their family enough to afford the essentials and to save”
I am certain that they were referring it to London, Kiribati, Oceania.
What does ‘Standard Of Living’ mean
A standard of living is the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area.
What is ‘Quality Of Life’
The quality of life is a highly subjective measure of happiness that is an important component of many financial decisions. Factors that play a role in the quality of life vary according to personal preferences, but they often include financial security, job satisfaction, family life, health, and safety.
Read more: Standard Of Living http://www.investopedia.com/terms/s/standard-of-living.asp#ixzz4d0Ua9mow
12 Costa Rica…
19 United Kingdom
Not so happy that much 😉
Closer to Guatemala than Iceland
Here comes the MATHS:
£9.75 per hour x 37.5 hours per week x 52 weeks = £19,012.5
After Taxes: £1,341.31 per month
Expenses of actually going to work in the first place:
£1,341.31 (net earnings monthly) – £231.20 (travel cost monthly)
= £1,110.11 Left to live somewhere
To live somewhere in London*
*Calling Croydon London is a bit of a stretch but hey let’s just assume
1 bed flat to rent
£1,000 pcm (£231 pw)
Elgin Road, Croydon CR0
Monthly running costs:
Estimated water cost £19
oh no !!! Council tax ;-(
Annual council tax
FLAT BST 11, ELGIN ROAD, CROYDON, CR0 6XD
£1162 (£1,162÷12=£96.8 per month)
£1,071 + £97 = £1,168 ( cost of havinga roof over)
So, according to the Government and London Authorities minimum wage earners are left with
for their level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area.
To give a worker in London and their family enough to afford the essentials and to save
improve the living standards of ordinary working class people and their families
Net Earnings per month minus the cost of being alive and not sleeping on the street brings us, them being able to spend in order to fulfill their life of Happiness is a GRAND TOTAL OF:
Net earnings: £1,341.31
The Cost of Travelling to work: £231.20
The Cost of not having to sleep in the park: £1,168
EQUALS a GRAND TOTAL OF:
per month in debt
Oh, I forgot luxuries such as Food, Phone, TV Licence, the Internet …
hey, that is not that much important as it is “to improve the living standards of ordinary working class people and their families.”
What I am surprised is that in the list of Happiness, the UK is in 19th place and not lower
but again this may explain the reasons behind the #Brexit vote results*
* it is up to you to figure it out what exactly, folks.